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Lies, Damn Lies, Statistics, And Pull-It-Out-Of-Your-Ass Statistics
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Why did chicken prices go up? How do the prices get set, anyway? You'll be outraged to find out that the price you pay in your supermarket is set by wholesale prices that are basically made up. A Georgia guy with no prior experience sets a price based on six anonymous Georgia poultry providers' information, which is unaudited and likely based on nothing but someone's desire to make more money. Major supermarket chains set their buying prices based on this figure, which the guy, in an internal document, admitted was at best debatable. Naturally, you get to pay for this. (Washington Post)
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